TREE NEWS reports: On Friday, October 16, the Nasdaq 100 ETF closed down 2.5%, leading declines among most major US asset-class ETFs. The Barclays US Convertible Bond ETF fell 2.11%, the emerging markets ETF dropped 1.74%, the Russell 2000 ETF lost 1.69% and the S&P 500 ETF slipped 1.11%, while the 20+ year Treasury ETF rose 0.12% and the Brent oil fund gained 3.59%.
Nasdaq 100 ETF Falls 2.5% as Most US Asset-Class ETFs Close Lower
AI take
The pattern is a risk-off rotation rather than a uniform selloff: long-duration Treasuries and Brent crude both closed higher while equities across the cap spectrum and convertibles fell. Convertible bonds, which blend credit and equity exposure, dropping nearly as hard as the Nasdaq 100 suggests the pressure was not confined to growth equities. Whether that bid in Treasuries and oil persists, or reverses alongside equities, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
3m ago
UN Security Council Holds Sixth Straw Poll in Secretary-General Selection
4m ago
Two-year Treasury yield falls 3bp on Warsh’s dovish signal, down nearly 8bp on the week
10m ago
AWS CFO Says AI Infrastructure Spending Boom Is Sustainable
18m ago
Offshore Yuan Ends New York Session at 6.6863, Up 31 Pips on the Day
22m ago
FTSE China A50 Index Futures Close 0.45% Lower at 13,280 in Night Session
23m ago
Euro Rises 0.17% to 1.1239, Ending Five-Week Losing Streak